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Consumers' growing appetite for healthier fare is pushing together two of the world's largest processed-food companies — a deal that would combine an extensive shopping list of household names including Heinz Ketchup, Kraft Macaroni & Cheese, Oscar Mayer Wieners and Jell-O. H.J. Heinz Co.'s plan to buy Kraft Foods Group Inc. was engineered by Heinz's owners, Brazilian investment firm 3G Capital and billionaire investor Warren Buffett's Berkshire Hathaway. The stock-and-cash transaction would be the biggest acquisition this year, according to research firm Dealogic, which valued the deal at about $36.6 billion, plus the assumption of nearly $9 billion in...

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Consumers' growing appetite for healthier fare is pushing together two of the world's largest processed-food companies — a deal that would combine an extensive shopping list of household names including Heinz Ketchup, Kraft Macaroni & Cheese, Oscar...

Investor Warren Buffett believes his company, Berkshire Hathaway, will continue to thrive for decades thanks to its vast and varied collection of “remarkable businesses” and investments, which will help it withstand challenges in any one sector. Buffett's...

Donald R. Keough, a poor cattleman's son who became president and chief operating officer of Coca-Cola Co. and helped it maintain its worldwide dominance during the "soda wars" of the 1980s, died of natural causes Tuesday in Atlanta. He was 88....

Warren Buffett likens the companies he buys to works of art.
Sell your business to us, he once said, "and we'll put it in the Metropolitan Museum. It'll have a wing all by itself; it'll be there forever. Or you can sell it to some porn shop...

Warren Buffett's Berkshire Hathaway reported a 9% drop in third-quarter profit versus the same period a year ago, when the company had large investment gains.
Berkshire said Friday that it earned $4.62 billion, or $2,811 per Class A share. That's down...

The investment firm Berkshire Hathaway on Thursday announced it will acquire the battery maker Duracell from Procter & Gamble.
Outlined within the terms of the deal, Berkshire Hathaway, controlled by Omaha billionaire Warren Buffett,...

At 135 years and counting, the oil company now known as Chevron Corp. is one of California's oldest survival stories.
Chevron traces its history to 1879 when Pacific Coast Oil Co. was founded. It was bought, in 1900, by the vast industrial empire of...

Warren Buffett has made billions betting on companies that others shun.
Now, in another seemingly contrarian move, the Oracle of Omaha is investing in auto dealerships, an industry under threat from online car buying services and changes in the driving...

Wall Street saw its biggest stock sell-off in two months Thursday as investors worried over rising geopolitical tensions and the prospect of higher interest rates.
The Dow Jones industrial average sank 264.26 points. The plunge was led by tech stocks,...

The U.S. Treasury's bailout fund lost $11.2 billion on the rescue of General Motors Co. with the government's exit of the largest U.S. automaker, a report said.The total includes $826 million that the Treasury wrote off in March for its remaining claim in...

Moelis & Co. climbed in its trading debut after raising less than planned in the first U.S. initial public offering of an investment bank since the financial crisis.
The shares rose 4.6% to $26.15 on Wednesday after pricing at $25. Moelis raised $163...

Good results from retailers and demand for telecommunications shares market helped push the stock market to a small gain on Friday. Telecoms rose the most among the 10 industries in the Standard & Poor's 500 index. Their jump followed news that Warren...

A prominent Los Angeles developer has joined with the co-founder of Guggenheim Partners — the owner of the L.A. Dodgers — to launch a massive real estate investing venture.
Nelson C. Rising, with a long list of commercial office towers to his credit, and...

If you had an idea that you wanted to push through Congress, would you hitch it to a controversial tax proposal that had no chance of becoming law?
Sen. Elizabeth Warren (D-Mass.) wants the federal government to make it easier for people with student...

Former House Majority Leader Eric Cantor became the latest politician to move to Wall Street, taking a high-paying job at investment bank Moelis & Co. and boosting the profile of the boutique firm founded in Century City.
Cantor, 51, who resigned...

Burger King Worldwide Inc. said Tuesday it would buy the Tim Hortons coffee-and-doughnut chain for about $11.4 billion and place the new firm's headquarters in Canada, where the corporate tax rate is lower than in the U.S.
The cash-and-stock deal creates...

Burger King Worldwide Inc. and billionaire investor Warren Buffett faced sharp criticism over plans that would create a new Canadian company after buying Tim Hortons Inc. to take advantage of Canada's lower corporate tax rates.
Burger King said Tuesday...

Berkshire Hathaway Inc., the investment and holding company run by billionaire Warren Buffett, agreed to pay $896,000 to settle allegations that it violated antitrust reporting requirements when acquiring stock in a Chicago building materials company last...

The U.S. stock market is closing slightly higher following some strong corporate earnings.
Better corporate earnings helped nudge the stock market up on Thursday in one of the quietest sessions this year. Health-care companies led the major indexes to...